The assessee is  engaged in business as real estate developers. The assessee purchased immovable properties. Since the consideration shown by the assessee was less than the value for stamp duty purposes, the Assessing Officer proposed to make an addition under section 56(2)(vii) of the Act  on account of difference between the purchase price shown by the assessee and the District Level Committee rate of the land in the area. CIT(A) deleted the addition made by the Assessing Officer on the ground that the land in question was not a capital asset as the assessee had purchased the land as stock-in-trade and, therefore, the provisions of section 56(2)(vii)(b) of the Act were not applicable.  On appeal by revenue the Tribunal affirmed the order of the CIT (A)  Relied on  Prem Chand Jain v. ACIT (2020) 82 ITR  522 (Jaipur)(Trib.) (AY. 2015-16)